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Gold Near Three-Month Low As Yellen Boosts Rate Hike Chances

Discussion in 'Fundamental Analysis' started by Angela_Riplay, May 30, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    Gold resumed its drop for a ninth straight session on Monday, falling below $1200 an ounce, as Federal Reserve Chair Janet Yellen hinted to a near-term interest rate increase. The precious metal hit a low of $1199.67 an ounce, the lowest since February 17, while currently trading around $1203.70 from[​IMG]

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